How to Conduct a Risk Assessment: Establishing Proactive Enterprise-Level Security
A risk assessment can help you spot your weaknesses before the worst happens. Follow these five steps to conduct yours.
July 14, 2023
I am a person who is highly aware of my surroundings at all times. Maybe it’s because I am an oldest daughter (we tend to be high-stress and prefer to be in control of every situation), or maybe it’s because I’m clumsy and I’ve been in one too many avoidable accidents. I could speculate all day, but when it comes down to it, it’s just how I am. When I walk into a building, the first thing I do is assess potential risks. Where is the nearest exit? Is the area being monitored? Are there any obvious slip, trip, or fall hazards? Where is the nearest fire extinguisher? You get the idea.
While I probably border on being overly diligent and could stand to let my guard down in many everyday situations, businesses don’t have the same luxury. They have a stake in ensuring the safety and security of their premises. An incident on their property could have detrimental consequences, not just in terms of financial losses but also regarding public safety and reputation.
For this reason, many businesses and organizations find themselves in need of an enterprise security surveillance solution. But with so many options on the market, identifying the right fit can be difficult. This is why conducting a risk assessment is so crucial—it allows you to identify, evaluate, and mitigate potential vulnerabilities, which helps you understand what you actually need in terms of security and surveillance.
In this article, we’ll dive into what a risk assessment is and explain how to conduct one in five simple steps.
WHAT IS A RISK ASSESSMENT?
A risk assessment is a process that focuses on identifying potential risks and vulnerabilities your business may face. Conducting a risk assessment is the key to developing a proactive security plan. Understanding the potential threats you face allows you to minimize avoidable incidents and respond swiftly and efficiently in the event of an incident.
HOW TO CONDUCT A RISK ASSESSMENT
The good news is that conducting a risk assessment is pretty straightforward—you won’t need a big budget or expensive equipment. By following the five steps outlined below, you can significantly improve safety and security within your business, reduce crime and other unwanted incidents, and give your customers and employees peace of mind.
STEP 1: IDENTIFY POTENTIAL HAZARDS
First things first, you need to identify all of the potential hazards that could pose a risk to your organization. This includes considering external threats like theft, vandalism, or cyber-attacks, as well as internal risks such as equipment failures, human error, or process vulnerabilities. Walk around your premises, look for blindspots, consult with relevant stakeholders, and make a list of any potential hazards you identify.
STEP 2: EVALUATE THE RISKS
Once you have identified the hazards, it's time to evaluate the risks associated with each one. Determine how likely each potential scenario is to happen and how it could affect your business. This will help you prioritize your efforts and focus on critical risks that require immediate attention.
STEP 3: DEVELOP AN ACTION PLAN
Once you understand the risks, it's time to develop an action plan. Determine the most effective strategies and security measures to mitigate each identified risk. For example, you might consider installing an access control system, investing in video surveillance, or conducting safety trainings for your staff.
STEP 4: DOCUMENT YOUR FINDINGS
Documenting your findings is essential for tracking improvements and ensuring accountability. Be sure to write down:
The hazards you identify
Who could be affected by those hazards
Your plan to mitigate risks
STEP 5: REVIEW AND UPDATE REGULARLY
Safety and security are ongoing priorities, so a risk assessment shouldn’t be a one-time thing. Be sure to review and update your security needs regularly, especially if you make significant changes to your processes or facilities.
PROTECT WHAT MATTERS MOST WITH LVT
If you’re looking for an enterprise security surveillance solution, you’ve come to the right place. From video surveillance to loudspeakers, lights, and mounts, LVT has what you need. Plus, our platform makes it easy to monitor analytics, adjust camera angles, manage alerts, and more—anytime, anywhere.
Ready to invest in proactive surveillance and set the stage for a secure future? Contact our team to see how we can help.